Raymond James Increases Amazon.com (NASDAQ:AMZN) Price Target to $205.00

Amazon.com (NASDAQ:AMZN) had its target price increased by investment analysts at Raymond James from $200.00 to $205.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “strong-buy” rating on the e-commerce giant’s stock. Raymond James’ price target indicates a potential upside of 17.14% from the stock’s current price.

Other analysts also recently issued reports about the stock. Wedbush raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler lifted their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group lifted their price target on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Telsey Advisory Group lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TD Cowen lifted their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $207.13.

Amazon.com Trading Down 3.3 %

Shares of Amazon.com stock opened at $175.00 on Wednesday. The company’s fifty day simple moving average is $178.38 and its 200-day simple moving average is $159.64. The stock has a market capitalization of $1.82 trillion, a PE ratio of 60.34, a P/E/G ratio of 1.57 and a beta of 1.16. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, equities analysts anticipate that Amazon.com will post 4.11 earnings per share for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at $339,670,375.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. 10.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the business. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $30,000. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC purchased a new position in Amazon.com during the fourth quarter worth about $43,000. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $46,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.